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Evening Standard

Josie Clarke

Retail spending slows as Budget looms large

Budget KPMG BRC United Kingdom Barclays

Retail sales growth slowed in September as rising inflation and a potentially taxing Budget weighed on households ahead of Christmas, figures suggest.

Total UK retail sales increased by 2.3% year on year in September, against growth of 2% in September 2024 and above the 12-month average growth of 2.1%, according to British Retail Consortium (BRC) and KPMG data.

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